IJARAH- CORPORATE

is a contract in which the Bank buys and gives on rent a productive asset to person short of funds and in need of that asset. Ijarah contract mentions the duration of the contract and the rent for the period. No consumable asset can be given on Ijarah. At the end of Ijarah the parties may agree for the sale of asset by the lessor to the lessee at an agreed upon price. Summit Bank care for their Corporate/SME/Commercial customer through facilitating against all tangible assets.